News & Research

Market Research & Info

Land Prime analyst Shadi Abdo

  • Member of The Egyptian Society of Technical Analyst
  • Head of Education department, Market Strategist, Chief Technical Analyst of Global Leading Forex Brokerage companies
  • Trained over 5000 professional trainers more than 10 years
  • BSc in Economics from Mansoura University

6 October 2023

powered by Land Prime

 

  • EURUSD

Update: First target was hit. As can be seen on the chart above the pair is trading above 1.0440. Therefore, we are bullish as long as the pair is trading above it with targets: 1.0550 – 1.0600. On the other hand, a daily close below 1.0440 would push the pair towards: 1.0400.

Resistance levels: Support levels: Recommended:
▪ 1.0900
▪ 1.0800
▪ 1.0750		 ▪ 1.0440
▪ 1.0400
▪ 1.0350

Bullish above 1.0440
  • GBPUSD

Update: No changes. The pair is facing a strong resistance level that is 1.2300. Therefore, we are bearish with targets: 1.1900 – 1.1850.

Resistance levels: Support levels: Recommended:
▪ 1.2400
▪ 1.2350
▪ 1.2300		 ▪ 1.1900
▪ 1.1850
▪ 1.1800

Bearish below 1.2300.
  • GOLD

Update: Targets were hit. The pair is trading above a strong support level that is 1800. Therefore, we are bullish as long as the pair is trading above it with targets: 1850 – 1880. Breaching the level of 1800 would push it towards: 1780 – 1750.

Resistance levels: Support levels: Recommended:
▪ 1880
▪ 1850
▪ 1833		 ▪ 1800
▪ 1780
▪ 1750		 Bullish above 1800

  • AUDUSD

Update: No changes. As could be seen on the chart above that the pair has been trading above 0.6280. Therefore, we are bullish as long as the pair is trading above it with targets: 0.6500.

Resistance levels: Support levels: Recommended:

▪ 0.6450
▪ 0.6400
▪ 0.6350

▪ 0.6280
▪ 0.6250
▪ 0.6230

Bullish above 0.6280.
  • GBPJPY

Update: First target was hit. The chart above shows that the pair is trading above 178. Therefore, we are bullish as long as the pair is trading above it with targets: 179. On the other hand, a close below 178 would push it towards: 177.20 – 176.70.

Resistance levels: Support levels: Recommended:
▪ 183.00
▪ 182.00
▪ 181.00

▪ 178.00
▪ 177.20
▪ 176.70

Bullish.  

 

 

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